Coinbase has been pushing hard for the modernization of the U.S. Bank Secrecy Act (BSA) via the integration of Zero-Knowledge ...

On February 13, 2024, U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued a Notice of Proposed Rulemaking seeking to expand the Bank Secrecy Act’s definition of ...

The GENIUS Act (S.1582) marks the first federal law to regulate stablecoins, signaling a broader shift toward structured ...

Under the Bank Secrecy Act, money service businesses are required to report each transaction involving more than $10,000 in currency. Failure to report is a federal crime.

WASHINGTON — The Treasury's Financial Crimes Enforcement Network proposed a rule Tuesday to require investment advisers to comply with Bank Secrecy Act requirements, including implementing anti-money ...

The Industrial Bank of Korea and its New York branch will pay a total of $86 million to resolve charges for systemic sanctions compliance failures that allowed more than $1 billion to be illegally ...

The Treasury's financial crime agency delayed enforcement of a variety of Bank Secrecy Act requirements for investment advisers in order to gain time to revise and tailor regulations.

Thus, the Bank Secrecy Act (BSA) was born. Under the BSA, banks are required to report any cash transaction of $10,000 or more to the Financial Crimes Enforcement Network (FinCEN).

First, he knows full well that a U.S. CBDC, under anything remotely close to the existing regulatory framework, would not protect privacy or freedom. That framework, built on the Bank Secrecy Act ...

WASHINGTON — The Treasury's Financial Crimes Enforcement Network proposed a rule Tuesday to require investment advisers to comply with Bank Secrecy Act requirements, including implementing anti ...